In what it claims is a unique initiative in the insurance industry, European insurer QBE
has fired up an initiative that will invest 25% of the client’s premium into investments with an additional social objective.
The company said it aims to help its clients make a real, sustainable difference to disadvantaged communities and millions of people across the globe.
Examples of investments under the Premiums4Good
initiative include Social Impact Bonds, Green Bonds or investments into projects with social benefits.
Social Impact Bonds represent a growing investment opportunity that provides funding for initiatives with directly observable social benefits. These include for example reducing homelessness; improving chances for children in foster care; reducing childhood asthma; and improving school performance of children from ‘at risk’ households.
Green Bonds mean an investment into projects with environmental benefits such as renewable energy, waste management and water conservation.
said that all the investments are made at no risk to the client, all the investment risk falls to the insurer.
Transparent reporting shows the investments made and the projects benefited, while clients are provided with an annual update which can be used in reports to stakeholders, employees and customers alongside other corporate social responsibility performance reporting.